DBAG invests in Inexio

DBAG provided €4.4m and its fund DBAG Expansion Capital provided the rest, for a total stake in the business of 10%. Most of the remaining shares continue to be held by the company's founders, who also serve as members of Inexio's management board. DBAG's investment includes profit participation capital.

The company's equity ratio was elevated to more than 30% post-investment, which will facilitate the business's expansion. Inexio plans to roll out broadband connections in rural southern Germany over the coming years.

The deal was initiated by the company, which was looking for growth capital. A shareholder in DBAG introduced the company to the GP.

Company
Inexio is a provider of fast broadband connections. The business was founded in Saarlouis in 2007. Its turnover in 2011/2012 was €20m and is expected to rise to €30m in the current financial year, the GP said in a statement, with further growth forecasted in the coming years. Profits stand at around 10%.

Inexio aims to distinguish itself from its current competition by using a fibre-optic network instead of the more traditional copper cable. The business currently serves around 1,800 business clients and approximately 20,000 private customers, primarily in the German states of Rhineland-Palatinate and Saarland. It employs 92 people.

People
Torsten Grede is spokesman of DBAG's board of management.

Advisers
Equity – Schalast & Partner (Legal); Ebner Stolz (Financial due diligence); Homburg & Partner (Commercial due diligence).

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• Topics
• Expansion
• DACH
• Technology
• Deutsche Beteiligungs AG
• Germany